Tuesday, February 21, 2012

The Tide Ebbs, Then Flows In Again via GlobeSt.com

A report last week from Delta Associates, which you read about first here on GlobeSt.com, charted the continued ebbing of the tide of distress in the US: the tally is down about $25 billion from its October 2010 peak of $191.5 billion. “We think the decline in distress has begun and will continue in a meaningful way in 2012 and beyond if interest rates continue to cooperate and economic expansion picks up pace,” according to the report, written by Delta president Greg Leisch.

Elsewhere on GlobeSt, one of the most widely-read articles as this week began was an excerpt from a Real Estate Forum cover story that featured Brian Watkins, director of Clarion Partners. He predicted more distress opportunities in the next few years for equity players as $1.2 trillion in commercial real estate debt matures.

“It opens up an opportunity for other types of capital,” Watkins said during the recent Transwestern/Real Estate Forum Capital Markets Symposium. “Potential opportunities will include asset recapitalizations and mezzanine financings as well as preferred equity plays.”

Distress is declining. There will be plenty of opportunities ahead in distress. Which is correct?

Read more...GlobeSt.com - The Tide Ebbs, Then Flows In Again - In the Know Article

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